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EBookClubs

Read Books & Download eBooks Full Online

Book The Family Limited Partnership Deskbook

Download or read book The Family Limited Partnership Deskbook written by David T. Lewis and published by American Bar Association. This book was released on 2007 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Forming and funding a family limited partnership or limited liability company is both increasingly common and complicated. This current, comprehensive reference provides in-depth analysis of all facets of using these planning vehicles. It begins with detailed guidance on the basic principles of drafting, forming, funding, and valuing an FLP or LLC, but also covers advanced income tax concerns. Added tools include examples and extensive sample forms on CD-ROM.

Book An Estate Planner s Guide to Family Business Entities

Download or read book An Estate Planner s Guide to Family Business Entities written by Louis A. Mezzullo and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "This fourth edition to An Estate Planner's Guide to Family Business Entities brings the second edition current through December 1, 2019 and is designed for the estate planner who is considering the most appropriate way to achieve his or her client's goal of transferring wealth to younger family members. Although it covers both tax and nontax considerations, its major emphasis is on the tax considerations, covering choosing the business entity and comparing the various entities that are available; highlighting recent developments concerning choice of entity; covering the application of the special valuation rules and other transfer tax issues, as well as the use of a grantor retained annuity trust to reduce the value of the gift when transferring an interest in a family-held entity, are discussed"--

Book How to Use Limited Liability Companies and Limited Partnerships

Download or read book How to Use Limited Liability Companies and Limited Partnerships written by Garrett Sutton and published by . This book was released on 2004 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Designed for entrepreneurs and individuals interested in starting their own business, this book provides an indepth study of how the special characteristics of limited partnerships and limited liability companies may be used to your advantage and to assist you in protecting assets, managing wealth and strategic estate planning to minimize taxes. It features strategic uses of limited liability companies and limited partnerships to hold real estate and other assets, how to easily manage and operate a limited liability company or limited partnership, how to creatively plan for your future and your family's future, and how to follow the rules to keep your assets protected."--Publisher description.

Book Starting a Limited Liability Company

Download or read book Starting a Limited Liability Company written by Martin M. Shenkman and published by John Wiley & Sons. This book was released on 2003-03-31 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: With Starting a Limited Liability Company you’ll learn how an LLC can work for you and exactly what you need to do to set up and operate one. The updated second edition features completely revised and updated planning strategies, and new chapters on the one-member liability company, estate planning, home businesses, and more. You’ll also find: Expert guidance on applying LLCs to operating a business, estate planning, protecting assets, real estate acquisitions, professional practices, avoiding ancillary probate, and venture capital operations Plans and strategies for converting partnerships into LLCs and combining LLCs and trust planning A detailed glossary, along with checklists and loads of sample legal forms that simplify the process

Book Wealth Planning with Family Limited Partnerships and Limited Liability Companies

Download or read book Wealth Planning with Family Limited Partnerships and Limited Liability Companies written by Louis A. Mezzullo and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: ...covers the following topics: Income and transfer tax considerations and nontax considerations relating to the formation, operation and termination of family limited partnerships and limited liability companies (LLCs); The goals of family members in establishing limited partnerships and LLCs; The various techniques available for reducing or eliminating transfer taxes, and the income tax rules pertaining to the recognition of an entity as a partnership for federal income tax purposes; Valuation issues, including the various discounts or premiums that may apply to transfers of interests in limited partnerships and LLCs and the special valuation rules under Chapter 14 as they apply to family limited partnerships and LLCs; The validity of a partnership or LLC formed for the purpose of holding marketable securities and the Internal Revenue Service's challenges to valuation discounts; The availability of the annual exclusion for transfers of interests in family limited partnerships and LLCs and the potential inclusion of transferred interests in the transferor's estate; The issues involved in choosing the appropriate entity for holding family assets, including marketable securities, real estate, and operating businesses with a detailed discussion of the desired characteristics of the family business entity; The issues involved in forming and liquidating the entity, including the potential application of the anti-abuse regulation under the partnership rules, tax-free formation treatment, and classification of the entity for federal tax purposes; The issues that should be considered when drafting the limited partnership agreement or operating agreement; The business and other nontax reasons for a family to use a limited partnership or LLC to hold family investments and operating businesses.

Book Family Limited Partnership Agreements Line by Line

Download or read book Family Limited Partnership Agreements Line by Line written by Brad Galbraith and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by an attorney whose practice focuses on the estate and tax planning needs of high net worth families, Family Limited Partnership Agreements Line by Line is a comprehensive examination of the contract provisions that make family limited partnerships such a powerful tax planning and asset protection tool. This publication includes in-depth explanations of the reasoning behind the various provisions in the agreementthose that are crucial to the general partner, as well as those that simply make operations more predictable and efficient for all partners. The book covers such key topics as entity creation, ownership interests, capital contributions and capital accounts, allocations and distributions, entity management, transfers of general partner and limited partner interests, and dispute resolution. Family Limited Partnership Agreements Line by Line is a valuable resource for anyone who works with business owners and high net worth families, as well as those individuals who are interested in capitalizing on family limited partnership planning opportunities. This book contains a CD-Rom that features the PDF and Word versions of the final text of the book, which enables readers to manipulate the contract.

Book How to Use Limited Liability Companies Limited Partnerships

Download or read book How to Use Limited Liability Companies Limited Partnerships written by Garrett Sutton and published by Success DNA. This book was released on 2017-01-10 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sutton has updated, yet again, his comprehensive book on maximizing the benefits of limited liability companies and limited partnerships. You will learn how to: Select the right entity for your specific needs and goals ; Follow the rules to keep your assets protected ; Creatively plan your future and your family's future ; Easily manage and operate an LLC or an LP ; Strategically use entities to hold real estate and other assets.--Back cover.

Book Limited Liability Company and Partnership Answer Book

Download or read book Limited Liability Company and Partnership Answer Book written by Alson R. Martin and published by Wolters Kluwer. This book was released on 2010-12-21 with total page 2332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This easy-to-read, Qandamp;A resource includes 300+ answers to help you custom design an LLC or LLP, weigh the pros and cons of converting your business to an LLC or LLP, capitalize on the advantages of converting to an LLC or LLP, ensure IRS compliance and avoid andquot;double taxationandquot; of revenues; also includes a state-by-state listing of statutory provisions regarding structure and organization; registration procedures and filing fees; a comparison chart of the LLC, LLP, regular and S corporation, limited partnership, and general partnership; with model operating agreements. By Alson R. Martin, Esq. For most companies, doing business as a limited liability company or partnership offers significant benefits. Limited Liability Company and& Partnership Answer Book's easy-to-read Qandamp;A format makes clear and accessible both the legal rules and important business decisions regarding LLCs and LLPs. With more than 300 authoritative answers, you'll understand how to: Custom design an LLC or LLP that provides liability protection to principals and agents -- and one-time taxation of revenue Weigh the pros and cons of converting your business to an LLC or LLP Capitalize on the operational, tactical, and strategic advantages of converting to an LLC or LLP Ensure compliance with the IRS and avoid andquot;double taxationandquot; of revenues Set up accurate and efficient tax and accounting systems Use a family limited partnership or LLC in business succession planning Plus, this practical handbook contains a state-by-state listing of statutory provisions regarding structure and organization; registration procedures and filing fees; a comparison chart of the LLC, LLP, regular and S corporation, limited partnership, and general partnership; and model operating agreements.

Book Asset Protection for Physicians and High Risk Business Owners

Download or read book Asset Protection for Physicians and High Risk Business Owners written by Robert J. Mintz and published by Robert J Mintz. This book was released on 2010 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Attorney Mintz describes the latest strategies for insulating and shielding assets from potential lawsuit liability. Detailed examples, diagrams, and real life case studies are provided for using Family Limited Partnerships, Limited Liability Companies, Asset Protection Trusts, and creative privacy plans.

Book Section 2036 Hurdle Raised for Family Limited Partnerships

Download or read book Section 2036 Hurdle Raised for Family Limited Partnerships written by Reed W. Easton and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Family Limited Partnerships ("FLPs") and Limited Liability Companies ("LLCs") are commonly used in estate planning to transfer real estate, marketable securities or other assets to family members with valuation discounting used in determining the gift or estate tax consequences. Parents retain control over their assets under the terms of the FLP or LLC agreement while reducing the potential estate tax applicable thereto through the use of valuation discounts attributable to the FLP or LLC interests. Recently, the IRS has been aggressively using Section 2036 in estate tax cases to attack the FLP and LLC strategy for valuation adjustment. A new decision overshadows all the former decisions in its expansive interpretation of Section 2036 (a) (2). This article will look at that decision Estate of A. Strangi TC Memo 2003-145 (May 20, 2003) (i.e. "Strangi II") and identify possible practitioner responses. These possible responses will address current estate planning as well as what the practitioner might do with existing FLPs/LLCs and in the event of a gift or estate tax return examination. Lee Iacocca has been quoted as saying - "We are continually faced by great opportunities brilliantly disguised as insoluable problems." This article is directed to identifying those available opportunities. The FLP/LLC Technique has been around for more than eight years and now the retention of control may avoid any possibility of a valuation discount. Should bad facts be allowed to make bad law? What is the effect of Strangi II on future estate planning? Those parents who already have existing FLPs/LLCs have available alternatives to choose from. What does the new Strangi II decision mean prospectively to the practitioner and his or her clients?

Book Family Limited Partnerships and Limited Liability Companies

Download or read book Family Limited Partnerships and Limited Liability Companies written by Leonard M. Goldberg and published by . This book was released on 1995 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Partnerships Made E Z

Download or read book Partnerships Made E Z written by and published by Made E-Z Products. This book was released on 1999 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: All instructions and information you need to organize or convert your present business to general or limited partnership, or limited liability partnership. Includes sample forms.

Book Guide to Limited Liability Companies

Download or read book Guide to Limited Liability Companies written by Tom Cody and published by CCH. This book was released on 2007 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: This revised handbook provides a concise discussion of the limited liability company (LLC), the popular alternative business form for small- and medium-sized enterprises that strategically combines the pass-through tax advantages and operational flexibility of the partnership with the limited liability of the corporation. The Guide explains, in clear language, key information about the benefits available within the LLC format, and a synopsis of each state's LLC statute enables you to quickly identify relevant planning opportunities or potential pitfalls. Book jacket.